Global Pesticides Market - Industry Segment Analysis, Regional Outlook, Market Size, Market Share, Market Growth; Pesticides Market Forecast Report 2022
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Showing posts with label pesticides market size. Show all posts
Showing posts with label pesticides market size. Show all posts
Wednesday, November 13, 2019
Thursday, June 13, 2019
Global Pesticides Market– 2022 Forecast Research Report
The Business Research
Company added Pesticides Market Global Opportunities And Strategies To 2022 Report
Under its “Chemicals” Industry.
Pesticides are chemicals used to eliminate or control a variety
of pests related to agriculture that can damage crops and livestock and reduce
farm productivity. Agricultural chemicals (also known as agrochemicals) are
chemical agents such as pesticides, fungicides, herbicides and insecticides
that are used to control crop-harming organisms (e.g., fungi, nematodes, mites,
insects and rodents) or viruses.
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Key players in
Pesticides Market:
The pesticides market is concentrated with the top ten
competitors making up more than 35% of the total market in 2018. Players in the
market include China National Agrochemical Corporation, Bayer AG, Dow DuPont,
BASF SE, United Phosphorus Ltd., FMC
corporation, Nufarm Limited, Platform Specialty Products Corporation, Nutrichem
Company Limited, and Nanjing Red Sun Co.,Ltd.
Some of the major
drivers of the market are:
Economic Growth –
The global economy is expected to go through a continuous period of steady
growth during the historic period. The US economy was already showing strong
growth in 2016, and this is likely to continue during the forecast period. The
European market is expected to see growth return later in the forecast period
Population –
World population is growing and is expected to reach 10 billion by 2050 .
Increase in population creates more demand for food. Crop production, farming
activities and trade volumes will have to increase in order to meet increased
population.
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The pesticides market is segmented by type
By Type- The pesticides market is segmented by type into
Herbicides, Fungicides and Insecticides. The Herbicides market was the largest
segment of the pesticides market in 2018 at around 49%. The Herbicides market
is expected to be the fastest-growing segment going forward at a CAGR of around
4%.
By Geography- The pesticides market is segmented into Asia Pacific,
Western Europe, Eastern Europe, North America, South America, Middle East And
Africa. Among these regions, Asia is the largest market for pesticides,
accounting for about 39% of the global market. It was followed by North
America, South America and then the other regions. Going forward, Asia and
Western Europe will be the fastest growing regions in this market. These will
be followed by North America and South America.
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